Molina Healthcare Reports Second Quarter 2019 Financial Results
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Molina Healthcare (MOH) Tops Q2 EPS by 40c, Revenues Beat; Raises FY19 EPS/Revenue Guidance Above Consensus
July 30, 2019 4:32 PM EDTMolina Healthcare (NYSE: MOH) reported Q2 EPS of $3.06, $0.40 better than the analyst estimate of $2.66. Revenue for the quarter came in at $4.19 billion versus the consensus estimate of $4.08 billion.
Premium revenue was $4.0 billion in the second quarter of 2019, a 10.3% decrease compared with the second quarter of 2018, which was in line with the Companys expectations.Medical care ratio (MCR) was 85.6% in the second quarter of 2019, and 85.3% for the second quarter of 2018.General and... More